Re: dev’ts in world economy and foreign ownership
On May 28, 2007, at 2:53 PM, Yoshie Furuhashi wrote:
The Iraq War has ended up eroding the political hegemony of the US power elite. And yet the Iraq War has not hurt the US capitalists’ economic bottom line yet.
Well yeah, but that’s part of the point I’m making about the ruling
class. It’s unable to think in any other terms than current profits;
it’s a monied class that can’t think about its long-term interests.
It would be sensible to be worried about the c/a deficit and growing
foreign debt, but too many people are making money on it for it to
matter. Capitalists aren’t the same as a r.c., or shouldn’t be, but
they mostly are right now.
Doug